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2019 (2) TMI 78 - CESTAT CHENNAIRefund of accumulated / unutilized CENVAT credit - closure of manufacturing activity - applicability of Rule 5 of CENVAT Credit Rules, 2004 - whether relevant Rule 5 of CENVAT Credit Rules deals with situation of export and not of closure of factory? - Held that:- The Hon’ble High Court of Karnataka in the case of Slovak Trading Co. Pvt. Ltd. [2007 (1) TMI 556 - SUPREME COURT] had occasion to analyze the very same issue and held that even though there is no provision for grant of refund on account of closure of factory, since the appellant has gone out of the CENVAT credit scheme, they are eligible for refund - denial of refund is not justified - appeal allowed - decided in favor of appellant.
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